In the event of a security incident, Paynetik follows a detailed incident response plan that includes immediate containment, thorough investigation, and remediation. We also notify affected parties and regulatory bodies as required, ensuring transparency and prompt resolution of any security issues.

Paynetik segregates user funds into secure, isolated accounts to ensure that they are protected from operational risks and potential breaches. We also implement regular security assessments and employ robust access controls to safeguard these funds.

Our platform uses a combination of real-time fraud detection algorithms, multi-factor authentication (MFA), and machine learning-based anomaly detection to prevent fraudulent activities and unauthorized access. We continuously monitor transactions and user activities to identify and mitigate potential threats.

Paynetik employs advanced encryption protocols, including TLS (Transport Layer Security) for data transmission and AES (Advanced Encryption Standard) with 256-bit keys for data at rest. These encryption methods ensure that all transaction data is securely transmitted and stored, protecting it from unauthorized access.